N.Y.
Racing, Pari-Mutuel Wagering and Breeding Law Section 136
Pari-mutuel wagering tax
1.
Notwithstanding any law to the contrary, the excise tax imposed on any racing association or corporation or regional off-track betting corporation, authorized to conduct pari-mutuel wagering shall be seven-tenths of one percent (0.7%) of all money wagered through such association or corporation.2.
Beginning with state fiscal year two thousand twenty-six, the aggregate amount of the pari-mutuel wagering tax paid by a harness track pursuant to paragraph (b) of subdivision one of this section in a state fiscal year shall not exceed the pari-mutuel wagering tax attributable to live racing handle paid by such harness track in state fiscal year two thousand twenty-four.3.
All pari-mutuel wagering taxes shall be collected and remitted in the same manner as such taxes were collected and remitted prior to the enactment of this section.4.
Breaks, as defined in sections two hundred thirty-six, two hundred thirty-eight, three hundred eighteen, and four hundred eighteen of this chapter are not permitted, unless required by another jurisdiction pursuant to § 905 (Combination of New York wagers with wagers made in other states or foreign countries)section nine hundred five of this chapter. All distributions to the holders of winning tickets shall be calculated to the nearest penny.5.
Notwithstanding subdivision four of this section, a racetrack may round to the nearest nickel for bets made at the facility, however the breaks must be directed to the retired and rescued thoroughbred horse aftercare fund pursuant to Tax Law § 209-N (Retired and rescued thoroughbred race horse aftercare)section two hundred nine-n of the tax law if the bet was made on a thoroughbred race, and to the retired and rescued standardbred horse aftercare fund pursuant to Tax Law § 209-O (Retired and rescued standardbred race horse aftercare)section two hundred nine-o of the tax law if the bet was made on a standardbred race. * NB Effective September 1, 2025
Source:
Section 136 — Pari-mutuel wagering tax, https://www.nysenate.gov/legislation/laws/PML/136 (updated May 16, 2025; accessed May 24, 2025).
